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? i will talk about the bricks in a minute. i am talking about south america, eastern europe, parts of asia. why do i love this story? it is basic macroeconomics. the key ingredients that drive growth. we know the story of debt, deficit, fiscal cliff. we know that the story of the aging population and financing, if you look at the statistics are round or they measure the performance in mathematics, science, and reading, you can see where the problem is. today, they were in the number 27, 28, and so on. productivity generally is the x factor that accommodates for 60% of why one country grows and another does not. generally, it includes things like political dynamic, so we know what is happening there. that is not my prediction. look at this framework, capital, labor, productivity. you will see why i am incredibly bullish. in terms of capital, these economies by a large did not have the debt burden that other countries are facing right now. why is that important? these countries are not suffering from a deal leveraging problem. 60%-70% is under the age of 25. in you got there, over 50
of america hears the great things about south carolina. [applause] >> thank you, tim. to our conservative rock star for the state of south carolina and our conservative rock star for the country and the heritage foundation, center jim -- senator jim demint. >> governor, when you say there will never be anyone like me, most of washington says, thank goodness. [laughter] i am excited about what is going on today. one of the few things i am worried about what i was considering leaving the senate was who would replace me. i knew that governor haley would put someone in this seat that we would be proud of and continue to stand for those principles of freedom and opportunity. governor, thank you for your faithfulness to our cause and your good judgment. tim, i could not be happier today. i can walk away from the senate and knowing that someone is better than i am that will carry the voice of conservatism to the whole country in a way that i could not do. i will keep working with that cause, but you inspired me since i heard you speak in public. our country needs those positive and optimistic v
this afternoon will be led by the gentleman from south carolina, mr. wilson. mr. wilson: everyone, including our guests in the gallery, please join in. i pledge allegiance to the flag of the united states of america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. the speaker pro tempore: the chair will now entertain requests for one-minute speeches. for what purpose does the gentleman from south carolina rise? mr. wilson: mr. speaker, i ask unanimous consent to address the house for one minute and to revise and extend my remarks. the speaker pro tempore: without objection. mr. wilson: mr. speaker, on sunday the president and house speaker boehner met to discuss the impending fiscal cliff. the next day the president jetted off to michigan to campaign for tax increases instead of staying in washington to work on a possible plan. with a national debt of over $16 trillion, washington's out-of-control spending is placing our national security at risk. clearly spending is a threat with an increase of 93.5% over 10 years and revenues increas
Search Results 0 to 2 of about 3

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